Indian stocks rallied sharply and lifted the benchmark indices Sensex and the Nifty50 to a buoyant close on Friday, a day after suffering a setback following the indictment of Adani Group founder Gautam Adani and a few top executives by U.S. Securities Exchange Commission in an alleged bribery case. Exit polls indicating a victory for...
Frances private sector contracted the most since January as prolonged weakness in demand damped expectations, flash survey results from S&P Global showed on Friday. The flash HCOB composite output index fell markedly to 44.8 in November from 48.1 in October. This was the third monthly fall in private sector output and the score signaled the...
Renewed concerns about economic activity and growth in France as well as the wider Euro Area dragged down the CAC 40 benchmark below the levels at close on Thursday. HCOB PMI readings recorded unexpected declines and slipped deeper into the contraction territory. Manufacturing PMI which was seen steady at 44.5 unexpectedly declined to 43.2. Services...
The Malaysia stock market on Friday ended the three-day losing streak in which it had fallen more than 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau and it may up steam on Monday. The global forecast is positive, supported by increasing oil prices. The European and...
New Zealand posted a merchandise trade deficit of NZ$1.544 billion in October, Statistics New Zealand said on Monday. That follows the downwardly revised NZ$2.154 billion shortfall in September (originally NZ$2.108 billion). Exports were up 7.5 percent on year to NZ$5.77 billion in October, after showing a downwardly revised NZ$4.91 billion in the previous month (originally...
The total volume of retail sales in New Zealand was down a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Monday - coming in at NZ$24 billion. The total value of seasonally adjusted retail sales was NZ$30 billion, down 0.7 percent on quarter (NZ$209 million). The...
JAKARTA -PT Jakarta Setiabudi Internasional Tbk (JSPT) will erect a residential condominium in Sanur, Bali, in 2025. Asan Effendi, Corporate Secretary of JSPT, confirmed that the company will be working on some new projects next year in Bali. “Based on Bali’s performance within the past 2-3 years, we saw demand for residential in Bali quite...
JAKARTA – PT BFI Finance Tbk (BFIN) has set a moderate target for asset growth and financing distribution by the end of 2024, in light of sluggish automotive market throughout the year. According to Sudjono, Finance Director of BFIN, the company aims for year-on-year (yoy) growth in assets and financing of 5% by the end...
JAKARTA -PT Bank Maybank Indonesia Tbk (BNII)will reportedly put land and building of PT Dafam Mambo International (DMAM), a subsidiary ofPT Dafam Property Indonesia Tbk (DFAM), in auction. This asset, worth IDR 72.71 billion, is located in Semarang, Central Java. Soviadi Nor Rachman, Corporate Secretary of DFAM, mentioned this decision to offer the assets in...
Wijaya Karya Beton Tbk (WTON), a precast concrete owned by PT Wijaya Karya (Persero) Tbk (WIKA), booked new contracts of IDR 4.99 trillion until October 2024. It is equal to 81% of 2024 new contract target, which is reportedly set to IDR 5.93 trillion by WTON. Infrastructure projects primarily supported WTON’s new contracts as of...